To include more than one recipient, please separate each email address with a semi-colon
';', to a maximum of
5

Recipient email(s):

Recipient name(s):

Email yourself a copy?

Enter the code:

By submitting this article to a friend we reserve the right to contact them regarding AMM subscriptions. Please ensure you have their consent before giving us their details.

Ranking the world’s top steelmakers

Keywords:

For the third year running, ArcelorMittal SA claimed the title of the world's largest steelmaker. The Luxembourg-based company's raw steel output of 103.3 million tonnes—although down more than 11 percent from 2007—was nearly triple that of its nearest rival, Japan's Nippon Steel Corp.

Although there was some shuffling of the order at the top of the rankings, with China's Baosteel Group Corp. Ltd. moving up two slots to switch places with Japan's JFE Steel Corp., the top five steelmakers remained the same as the previous year. But that continuity belies what was one of the most dramatic years in the history of the steel industry.

Many of the world's steel producers reported in their 2008 results that the first nine months of the year were among the best in their history, while the fourth quarter was among the worst. And following the massive downturn in demand and prices that began in September, 2008 is likely to be remembered as the year the bubble burst on the steel bull market.

One indication of the change is the number of mills that reported a drop in output last year, including two of the top 10 producers. While in recent years almost every steelmaker on the globe was expanding, last year's collapse in demand helped push a number of mills into cutbacks—a pattern that is being repeated in 2009.

The uncertainty over the extent of the global recession makes this year's outlook difficult, but indications that demand will be less affected in the developing world, together with far smaller output cuts by steelmakers in China, particularly in the first quarter, suggest there will be further changes in next year's rankings.

So where do last year's changes leave U.S. mills? The biggest producer, U.S. Steel Corp., held on to a spot in the top 10, while Nucor Corp. dropped two spots to 13th. AK Steel Corp., Steel Dynamics Inc. and Commercial Metals Co. appear much further down the list, which includes all 119 steelmakers that produced 2 million tonnes or more of raw steel last year.

Ranking

2008

2007

%

2008

2007

Company

Country of Origin

output

output

change

1

1

ArcelorMittal SA

Luxembourg

103.3

116.4

-11.3

2

2

Nippon Steel Corp.

Japan

36.88

34.5

6.9

3

5

Baosteel Group Corp.1

China

35.44

28.58

24

4

4

Posco Ltd.

South Korea

34.7

32.78

5.9

5

3

JFE Steel Corp.

Japan

33.8

33.8

--

6

--

Hebei Steel Group2

China

33.28

31.08

7.1

7

10

Wuhan Steel Group3

China

27.73

20.19

37.3

8

6

Tata Steel (incl. Corus)

India

24.39

26.52

-8

9

7

Shagang Group Co. Ltd.

China

23.3

22.89

1.8

10

9

U.S. Steel Corp.

U.S.

23.22

20.54

13

11

13

Gerdau

Brazil

19.6

17.9

9.5

12

15

Severstal

Russia

19.21

16.75

14.7

13

11

Nucor Corp.

U.S.

18.2

20.04

-9.2

14

12

Riva Group4

Italy

18.03

17.9

0.7

15

16

Evraz

Russia

17.7

16.3

8.6

16

17

Anshan

China

16.04

16.17

-0.8

17

14

ThyssenKrupp

Germany

16

17.02

-6

18

18

Maanshan

China

15.04

14.16

6.2

19

20

Sumitomo Metal Ind.

Japan

13.88

13.5

2.8

20

19

Sail

India

13.66

13.87

-1.5

21

24

China Steel Corp.4

China

12.76

12.67

0.7

22

23

Shougang

China

12.19

12.85

-5.1

23

21

Magnitogorsk

Russia

11.9

13.3

-10.5

24

28

Hunan Valin Group

China

11.25

11.12

1.2

25

25

Jinan

China

11.21

12.12

-7.5

26

26

Laiwu

China

10.63

11.69

-9.1

27

22

Techint

Argentina

10.4

13.2

-21.2

27

33

Novolipetsk Steel

Russia

10.4

9.06

14.8

29

27

Ind Union of Donbass

Ukraine

9.9

11.62

-14.8

30

30

Hyundai Steel

South Korea

9.86

9.97

-1.1

31

35

Baotou Steel

China

9.83

8.83

11.3

32

29

Imidro

Iran

9.54

10.05

-5.1

33

31

Taiyuan

China

9.2

9.29

-1

34

34

Anyang

China

9.04

9

0.4

35

32

Metinvest

Ukraine

8.24

9.11

-9.5

36

38

Celsa

Spain

8.23

8.09

1.7

37

39

Kobe Steel

Japan

8.12

8.07

0.6

38

36

Usiminas

Brazil

8.02

8.68

-7.6

39

44

Voestalpine

Austria

7.71

7.09

8.7

40

50

Rizhao Steel

China

7.47

6.18

20.9

41

41

Benxi

China

7.4

7.59

-2.5

42

42

Jiuquan

China

7

7.37

-5

42

43

Salzgitter

Germany

7

7.36

-4.9

44

47

Panzhihua

China

6.78

6.64

2.1

45

40

Jianlong Steel

China

6.54

7.76

-15.7

46

46

Bluescope

Australia

6.5

6.84

-5

47

49

Beitai

China

6.36

6.41

-0.8

48

48

Metalloinvest

Russia

6.3

6.43

-2

49

59

Tangshan Guofeng

China

6.13

5.23

17.2

50

57

Erdemir

Turkey

5.98

5.37

11.4

51

53

AK Steel Corp.4

U.S.

5.92

5.88

0.7

52

51

Mechel

Russia

5.9

6.09

-3.1

53

55

SSAB

Sweden

5.85

5.69

2.8

54

52

Nanjing

China

5.73

5.95

-3.7

55

45

Ilyich

Ukraine

5.59

6.95

-19.6

56

60

Tonghua

China

5.44

4.98

9.2

57

58

CSN4

Brazil

5.35

5.32

0.6

58

56

Jiangxi Xinyu

China

5.32

5.64

-5.7

59

82

Fujian Sangang

China

5.07

3.33

52.3

60

63

Hadeed

Saudi Arabia

4.7

4.64

1.3

61

65

Ezz Steel

Egypt

4.5

4.47

0.7

62

68

Tianjin Tiantie

China

4.45

4.35

2.3

63

72

Hebei Jinxi Steel

China

4.38

4.03

8.7

64

61

Steel Dynamics Inc.

U.S.

4.34

4.96

-12.5

65

69

Pingxiang

China

4.3

4.14

3.9

66

71

Nisshin Steel

Japan

4.04

4.11

-1.7

67

69

Tianjin Tiangang

China

4.01

4.14

-3.1

68

64

Zaporizhstal

Ukraine

3.9

4.57

-14.7

69

81

JSW Steel

India

3.75

3.39

10.6

70

74

Lion Group

Malaysia

3.72

4.02

-7.5

71

90

Icdas

Turkey

3.65

2.98

22.5

72

78

Hangzhou

China

3.57

3.46

3.2

73

75

Ahmsa4

Mexico

3.56

3.54

0.6

74

98

Hebei Jingye

China

3.51

2.73

28.6

75

77

Chongqing

China

3.45

3.47

-0.6

76

78

Tokyo Steel

Japan

3.39

3.46

-2

77

62

Essar Steel

India

3.35

4.76

-29.6

78

84

Duferco

Switzerland

3.1

3.2

-3.1

79

85

Vizag Steel

India

3.08

3.19

-3.4

80

109

Changzhou Zenith

China

3.03

2.51

20.7

81

94

Handan Zongheng

China

3.01

2.79

7.9

82

83

Qingdao

China

3

3.27

-8.3

83

112

Shanxi Haixin

China

2.96

2.46

20.3

84

96

Jiangying Xingcheng

China

2.86

2.76

3.6

85

86

Rockcheck Steel

China

2.85

3.16

-9.8

85

91

Dongkuk

South Korea

2.85

2.93

-2.7

87

92

AFV Beltrame

Italy

2.82

2.87

-1.7

88

93

Vallourec

France

2.76

2.83

-2.5

89

99

Commercial Metals Co.4

U.S.

2.72

2.7

0.7

90

116

Delong Steel

Singapore

2.67

2.39

11.7

90

102

Habas

Turkey

2.67

2.6

2.7

92

129

Dazhou Steel

China

2.63

2

31.5

93

102

Megasa4

Spain

2.62

2.6

0.8

94

97

Xingtai

China

2.59

2.75

-5.8

95

107

Rautaruukki

Finland

2.58

2.55

1.2

95

105

Feralpi

Italy

2.58

2.59

-0.4

97

108

Xinxing Ductile

China

2.55

2.53

0.8

98

110

Henan Jiyuan

China

2.53

2.5

1.2

99

95

Saarstahl

Germany

2.47

2.77

-10.8

99

67

Global Steel Holdings

UAE

2.47

4.38

-43.6

101

118

Taishan Iron and Steel

China

2.46

2.26

8.8

102

106

Trinecke Zelezarne

Czech Rep.

2.45

2.56

-4.3

103

88

Nanchang

China

2.42

3

-19.3

104

117

Belarus Steel Works

Belarus

2.4

2.27

5.7

105

127

Colakoglu

Turkey

2.38

2.03

17.2

106

112

Changye

China

2.31

2.46

-6.1

107

120

TMK5

Russia

2.3

2.19

5

108

123

OneSteel

Australia

2.25

2.1

7.1

109

--

Badische Stahlwerke

Germany

2.22

2.17

2.3

110

100

Yingkou Heavy Plate

China

2.2

2.67

-17.6

110

121

Sidenor

Greece

2.2

2.13

3.3

110

115

Diler-Yazici

Turkey

2.2

2.28

-3.5

113

111

Kyoei Steel

Japan

2.16

2.49

-13.3

114

125

Tianjin Steel Pipe

China

2.15

2.09

2.9

115

129

Lengshujiang Steel

China

2.14

2

7

116

128

Weifang Steel

China

2.12

2.01

5.5

117

119

Lingyuan

China

2.06

2.24

-8

118

114

Acerinox

Spain

2.04

2.31

-11.7

119

--

Shuicheng

China

2.02

2

1

Have your say

All comments are subject to editorial review.
All fields are compulsory.